EUR/USD Forecast April 17, 2017, Technical Analysis

The EUR/USD pair tried to rally on Friday but turned around to show more signs of lackluster performance. If we can break below the 1.06 level, the market will then more than likely reach towards the 1.05 level underneath. If we do break to the upside, I believe that the 1.07 level will offer a bit of resistance. It looks as if the EUR is starting to lose steam against several currencies currently, and I think the US dollar course will be any different. A breakdown to the 1.05 level then has the market looking towards the 1.03 level if we can go below there. - The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate.

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